Author Archive: Bernews1

Four Teens Arrested After Fight

A fight broke out in front of the Magistrates.Court and Police Station building this afternoon [Jan.4] which involved four teenagers who were all arrested as a result. All four are expected to appear in Court in relation to the matter. “Around 2:30pm on Wednesday, January 4th police on mobile patrol in the area of Victoria Street and Court Street... Read more of this article

IAG Reinsurance Costs Balloon

Leading Australian insurer IAG has seen its reinsurance costs balloon for 2012 following pay-outs for a series of costly catastrophes last year — and the beleagured firm reportedly received a cool reception from the Bermuda industry during its recent roadshow presentation here. The “Sydney Morning Herald” reports today [Jan.4] that... Read more of this article

BSX 2011 Year End Review Report

The Bermuda Stock Exchange [BSX] released their 2011 Year End Review Report, which said the total market capitalization of the BSX as at 31 December, 2011, [excluding fund listings] stood at over $341 billion of which approximately $1.4 billion represented the domestic market. Total trading volume for the period was 6.5 million shares with a corresponding... Read more of this article

American Airlines Cancels Flights

American Airlines has cancelled at least two flights today [Jan.4], with Flight #308 arriving from Miami and Flight #1325 departing for Miami both having been cancelled. Yesterday the high winds also caused a number of cancellations, with the JetBlue flight from JFK, Air Canada flight from Toronto, US Air flight from Philadelphia and Continental flight... Read more of this article

Bailey Outerbridge Revolutionises Classic Song

She says she wants a revolution — at least in terms of the musical arrangement of one of John Lennon’s classic songs. Bermudian songbird Bailey Outerbridge [pictured] has just finished a version of the Beatles track “Revolution” for the forthcoming John Lennon tribute CD being launched to mark the late singer/songwriter’s... Read more of this article

Couples Urged To ‘Feel The Love’

The Department of Tourism is promoting Bermuda as the ideal romantic getaway in a new winter marketing campaign in North America. Sponsored by the Department of Tourism, the island’s ”Feel the Love Month” takes place from January 16 – March 3 offering couples the chance to enjoy the island’s cultural offerings through... Read more of this article

Videos: 2011 OptiWorlds In New Zealand

Over 200 young sailors from 48 countries are presently in New Zealand competing, with Bermuda being represented by five teenage sailors. Antonio Bailey, Michael Barit, Rory Caslin, Makai Joell and Ceci Wollmann travelled half-way around the globe to take on the world’s best youth sailors under the age of 16. They are accompanied by Team Leader and... Read more of this article

Bermuda Second In AIM Market

While the Isle of Man continues to lead the Alternative Investment Market [AIM], new research commissioned by the Manx Government has shown, Bermuda has now emerged as a rival to the British Crown Dependency. The research shows the Isle of Man to be in first place in respect of the largest number of non-UK incorporated AIM top 100 companies with a market... Read more of this article

Catlin Group Enhances Risk Management

In order to enhance the services it offers to clients with hijack, kidnap, extortion and wrongful detention exposures, Bermuda-based re/insurer Catlin Group Ltd. has formed a partnership with two specialist risk management consultancies. The partnership with Drum Cussac and Compass Risk Management, which commenced on 1 January 2012, is designed to ensure... Read more of this article

Police: ‘Strictly Enforcing’ New Rules

[Updated - 15 people ticketed this morning] The Bermuda Police Service will be “ramping up” their response and “strictly enforcing” the new legislation which allows for fines of up to $1,000 for using a cell phone or other hand held device while driving. With the passing of the Traffic Offences (Penalties) Amendment Act 2011 – it is... Read more of this article

Perozzi’s Opponent Moves Down

Following her loss to Bermuda’s Teresa Perozzi, the Trinidad media is reporting that Trinidad and Tobago boxer Lorissa Rivas will no longer fight in the Middleweight Division, thus putting an end to a possible rematch. This decision was announced by Boxu Potts, Special Adviser, Trinidad and Tobago Boxing Board following two consecutive defeats... Read more of this article

BSX Approves Golden State Notes

The Listing Committee of the Bermuda Stock Exchange [BSX] has approved of the listing of Golden State Re Ltd. Principal At-Risk Variable Rate Note Program consisting of the $200,000,000 Series 2011-1 Class A Principal-At-Risk Variable Rate Notes due January 8, 2015, an issuance under the Exchange’s Restricted Marketing provisions for Qualified Investors... Read more of this article